News for 'Finance Asia'

Covid surge sinks Sensex by 871 points

Covid surge sinks Sensex by 871 points

Rediff.com5 Apr 2021

Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank. NSE Nifty sank 229.55 points to 14,637.80.

Sensex rallies 437 points; Nifty reclaims 13,600

Sensex rallies 437 points; Nifty reclaims 13,600

Rediff.com23 Dec 2020

HUL was the top gainer in the Sensex pack, spurting around 3 per cent, followed by Infosys, M&M, ITC, SBI, IndusInd Bank, Bajaj Finance, Asian Paints, TCS and Bharti Airtel. On the other hand, Titan, PowerGrid and NTPC were among the laggards.

Sensex slips from Mount 56K; ends in red

Sensex slips from Mount 56K; ends in red

Rediff.com18 Aug 2021

Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.

Sensex, Nifty surge to fresh lifetime peaks

Sensex, Nifty surge to fresh lifetime peaks

Rediff.com15 Sep 2021

NTPC was the top gainer in the Sensex pack, jumping over 7 per cent, followed by Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS and IndusInd Bank. NSE Nifty climbed 139.45 points to its new closing high of 17,519.45.

India sees sharp rise in cyber attacks as internet base continues to widen

India sees sharp rise in cyber attacks as internet base continues to widen

Rediff.com15 Aug 2022

Even as India's internet base continues to widen, with the country set to have over 900 internet users by 2025, a parallel rise in cyber threats has become a matter of huge concern. Experts say that the sudden surge in digital adoption left little time to develop a cybersecurity backbone for the country. This has put large amounts of data at risk.

Covid resurgence makes investors jittery; Sensex tanks 397 pts

Covid resurgence makes investors jittery; Sensex tanks 397 pts

Rediff.com15 Mar 2021

Bajaj Finserv was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Auto, Bajaj Finance, L&T, Asian Paints, Dr Reddy's, ICICI Bank, HDFC Bank and RIL. NSE Nifty finished 101.45 points down at 14,929.50.

Sensex snaps 10-session winning run, drops 264 points

Sensex snaps 10-session winning run, drops 264 points

Rediff.com6 Jan 2021

ITC was the top laggard in the Sensex pack, shedding around 3 per cent, followed by Reliance Industries, Bajaj Finance, Axis Bank, HUL and HCL Tech. On the other hand, PowerGrid, Bharti Airtel, ONGC and UltraTech Cement were among the gainers. NSE Nifty fell 53.25 points to 14,146.25.

Farm laws: Centre to take states route

Farm laws: Centre to take states route

Rediff.com29 Nov 2021

'As far as contract farming is concerned, we already have a model Act and states will be encouraged to adopt them.'

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Rediff.com14 Nov 2022

In an interview with the Financial Times following an assassination attempt this month, Khan said he no longer 'blamed' the US and wants a 'dignified' relationship if re-elected.

Bank rally helps Sensex zoom 1,030 points in extended trade

Bank rally helps Sensex zoom 1,030 points in extended trade

Rediff.com24 Feb 2021

Axis Bank was the top gainer in the Sensex pack, surging around 5 per cent, followed by HDFC twins, ICICI Bank, Bajaj Finance and SBI. NSE Nifty zoomed 274.20 points to end at 14,982.

Why Stalin is Tamil Nadu's CM with a difference

Why Stalin is Tamil Nadu's CM with a difference

Rediff.com1 Sep 2021

From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob

Sensex rallies 375 pts tracking gains in index majors

Sensex rallies 375 pts tracking gains in index majors

Rediff.com22 Apr 2021

ICICI Bank was the top gainer in the Sensex pack, surging over 3 per cent, followed by HDFC, Bajaj Auto, HDFC Bank, SBI, Kotak Bank and Bajaj Finance. NSE Nifty jumped 109.75 points to 14,406.15.

Markets inch up to fresh highs; HDFC twins sparkle

Markets inch up to fresh highs; HDFC twins sparkle

Rediff.com15 Dec 2020

Bajaj Finance was the top gainer in the Sensex pack, surging around 5 per cent, followed by Bajaj Finserv, HDFC, Tech Mahindra, HDFC Bank, UltraTech Cement and Tata Steel. On the other hand, HUL, Nestle India, ICICI Bank, Axis Bank, SBI, TCS and ITC were among the laggards.

UK agrees to support India's defence manufacturing

UK agrees to support India's defence manufacturing

Rediff.com23 Apr 2022

After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.

Sensex zooms 569 points to fresh record

Sensex zooms 569 points to fresh record

Rediff.com14 Oct 2021

ITC was the top gainer in the Sensex pack, rising around 3 per cent, followed by HDFC Bank, PowerGrid, ICICI Bank, IndusInd Bank and NTPC. Nifty surged 176.80 points to a new lifetime closing high of 18,338.55.

Lesser-known firms set to make a mark in oil and gas sector

Lesser-known firms set to make a mark in oil and gas sector

Rediff.com22 Jun 2021

India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.

Afghanistan, terror sanctuaries in Pak on agenda for Blinken's India visit

Afghanistan, terror sanctuaries in Pak on agenda for Blinken's India visit

Rediff.com25 Jul 2021

The two sides are also expected to explore ways to deepen defence collaboration, including exercises, defence transfers and technologies ahead of the next edition of the 2+2 defence and foreign ministerial dialogue to be held in the US later this year, they said.

Sensex slides again, loses 2778 pts in four days

Sensex slides again, loses 2778 pts in four days

Rediff.com15 Jun 2022

Sliding for the fourth straight day, the BSE Sensex shed 152 points in choppy trade on Wednesday amid mixed global cues ahead of the US Federal Reserve's policy decision.

Sensex drops 110 pts; RIL, IT stocks weigh

Sensex drops 110 pts; RIL, IT stocks weigh

Rediff.com27 Nov 2020

PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by HCL Tech, ONGC, M&M, Axis Bank, TCS, Reliance Industries and Infosys. On the other hand, Asian Paints, Titan, Tata Steel, Bajaj Finance and Bajaj Auto were among the gainers.

India's Billionaire Club Shrinks....

India's Billionaire Club Shrinks....

Rediff.com5 Jan 2023

Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).

Sitharaman to unveil Rs 20 lakh cr stimulus at 4 pm

Sitharaman to unveil Rs 20 lakh cr stimulus at 4 pm

Rediff.com13 May 2020

Union Finance Minister Nirmala Sitharaman will address a press conference in New Delhi at 4 pm on Wednesday. The information regarding the press conference by the Union finance minister was given through a tweet by the ministry of finance in the morning.

Sensex snaps 4-day losing streak; ends up428 points

Sensex snaps 4-day losing streak; ends up428 points

Rediff.com9 Jun 2022

Powered by a rally in index heavyweight Reliance Industries, equity benchmark Sensex broke its four-session losing run to close above the 55,000-mark on Thursday despite a weak trend overseas. Investors made a cautious return to IT, pharma and bank stocks after their recent sell-off. However, a depreciating rupee and persistent foreign fund outflows capped the gains, traders said. Overcoming a lacklustre start, the 30-share BSE Sensex surged 427.79 points or 0.78 per cent to close at 55,320.28.

Sensex tanks 580 pts; Nifty drops below 12,800

Sensex tanks 580 pts; Nifty drops below 12,800

Rediff.com19 Nov 2020

SBI was the top laggard in the Sensex pack, tumbling around 5 per cent, followed by Axis Bank, ICICI Bank, UltraTech Cement, Bajaj Finance, HDFC Bank and Bharti Airtel. On the other hand, PowerGrid, ITC, NTPC, Tata Steel and Titan were among the gainers.

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Rediff.com10 Oct 2022

Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.

Sensex snaps 3-session slide with 639-point leap

Sensex snaps 3-session slide with 639-point leap

Rediff.com22 Jul 2021

Tech Mahindra was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, Tata Steel and Infosys. NSE Nifty surged 191.95 points to 15,824.05.

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

Rediff.com31 May 2022

The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.

Sensex, Nifty scale fresh peaks; bank, IT stocks shine

Sensex, Nifty scale fresh peaks; bank, IT stocks shine

Rediff.com5 Jan 2021

Axis Bank was the top gainer in the Sensex pack, rallying over 6 per cent, followed by HDFC, IndusInd Bank, TCS, Asian Paints, Titan, HCL Tech and ICICI Bank. On the other hand, ONGC, Bajaj Finance, NTPC, M&M and Reliance Industries were among the laggards.

Sensex in green for 3rd straight day; ends up 257 points

Sensex in green for 3rd straight day; ends up 257 points

Rediff.com7 May 2021

HDFC was the top gainer in the Sensex pack, spurting over 2 per cent, followed by Bajaj Finserv, M&M, NTPC, Bharti Airtel, UltraTech Cement and ONGC. NSE Nifty rose 98.35 points to 14,823.15.

Sensex rallies 558 pts on gains in RIL, HDFC Bank and L&T

Sensex rallies 558 pts on gains in RIL, HDFC Bank and L&T

Rediff.com27 Apr 2021

L&T was the top gainer in the Sensex pack, rising over 3 per cent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank, SBI and HDFC Bank. NSE Nifty surged 168.05 points to 14,653.05.

Sensex rebounds; zooms 429 points at close

Sensex rebounds; zooms 429 points at close

Rediff.com19 Feb 2020

On the Sensex chart, Bajaj Finance, HUL, RIL, ONGC and HDFC emerged as the top gainers.

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Singapore startup Zilingo sacks CEO Ankiti Bose after forensic audit

Rediff.com20 May 2022

Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. "Following an investigation led by an independent forensics firm that was commissioned to look into complaints of serious financial irregularities, the company has decided to terminate Ankiti Bose's employment with cause, and reserves the right to pursue appropriate legal action," Zilingo said in a statement.

India's bond slump worse than others, issuance value down 10.1%

India's bond slump worse than others, issuance value down 10.1%

Rediff.com19 Apr 2022

Indian issuers are borrowing lesser through bonds compared to their global peers. The total value of bond issuances was down 10.1 per cent on a rolling 4-quarter basis in March 2022, compared to a similar period in March 2019, shows an analysis of data from tracker Refinitiv, a London Stock Exchange Group (LSEG) business. The four quarters ended March 2019 marked the last full financial year before the pandemic took hold.

Indian election only one of at least four important elections in Asia

Indian election only one of at least four important elections in Asia

Rediff.com11 Apr 2014

Indonesia, Turkey and Afghanistan also see important polls in the seven short weeks between end-March and mid-May, says Shankar Acharya

Why Has RBI Scrapped Polymer Currency Notes Idea?

Why Has RBI Scrapped Polymer Currency Notes Idea?

Rediff.com9 Mar 2022

The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.

What To Check Before Studying Abroad

What To Check Before Studying Abroad

Rediff.com29 Apr 2022

While most universities and colleges are genuine about what they offer, applicants need to verify the claims to check for authenticity and red flags if any, alerts Piyush Kumar, regional director, (South Asia), IDP Education, an overseas education consultancy.

Rupee, Asia's worst performing currency, in a free fall!

Rupee, Asia's worst performing currency, in a free fall!

Rediff.com21 Nov 2011

The rupee plunged to nearly 33-month low of sub-52 level after losing a whopping 81 paise against the United States currency on sustained dollar demand amid weak trends in stock markets and deepening euro-debt crisis.

India plays 26/11 plotter Sajid Mir's audio at UN anti-terror meet in Mumbai

India plays 26/11 plotter Sajid Mir's audio at UN anti-terror meet in Mumbai

Rediff.com28 Oct 2022

In the audio clip, he is heard directing the attack on Chabad House during Mumbai 26/11 terror attacks.

Sensex rallies 347 pts to end at fresh peak; Nifty tops 13,350 for first time

Sensex rallies 347 pts to end at fresh peak; Nifty tops 13,350 for first time

Rediff.com7 Dec 2020

Bharti Airtel was the top gainer in the Sensex pack, rising around 3 per cent, followed by HUL, HDFC, ITC, IndusInd Bank, SBI, Sun Pharma, ONGC, Tech Mahindra, L&T and Asian Paints. On the other hand, Kotak Bank, Nestle India, Tata Steel, Bajaj Finance and HDFC Bank were among the laggards.

Banks to witness spike in credit costs, NPAs in 2020

Banks to witness spike in credit costs, NPAs in 2020

Rediff.com6 Apr 2020

While banks are not as exposed as the corporate sector during the initial stage of the pandemic, the strain on lenders could ultimately be profound. Banks face a second-order hit compared with the corporate and household sectors.

Sensex tanks 746 points; Nifty ends below 14,375

Sensex tanks 746 points; Nifty ends below 14,375

Rediff.com22 Jan 2021

Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance. On the other hand, Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were the gainers.